Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Algeria Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Algeria includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Algeria’s recorded history going back to the Punic Wars between Rome and Carthage. It was colonised by France in 1830, and in the 1950s started a war of national liberation, which culminated in independence in 1962 and left the military in control. The country can be divided into four distinct geographical regions, each a strip running from east to west. Most of the population lives in the coastal strip, the three other strips are higher and lower mountains and desert. Algeria’s key industries are Hydrocarbons, Manufacturing, Agriculture and services. Non-life insurance is treated as a separate major class of business. Its predominant component is damage insurance (assurance de dommages) that includes motor business fire, explosion, natural catastrophe and other material damage insurance.